Portland-area real estate: 10 places where home prices are falling

Portland's run of rapidly rising home prices is slowing down -- but it's not stopping.

Of nearly 70 neighborhoods analyzed by The Oregonian/OregonLive using sale data from the Regional Multiple Listing Service, all but 10 saw the median price rise for homes sold in year's second quarter compared with a year earlier.

The 10 exceptions include neighborhoods that were among the busiest during the Portland metro's hot streak.

Together, they saw the median price fall just an average of 3 percent.

That doesn't necessarily mean homes are losing value -- the shift could be the result of slower sales at the highest price tier. But it could also be a sign homesellers are losing leverage over buyers.

Here are the 10 neighborhoods where the median price fell in the second quarter.

-- Elliot Njus and Mark Friesen

1. Sellwood-Moreland/Richmond, Portland

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1. Sellwood-Moreland/Richmond, Portland

In the 97202 ZIP code, there were 170 sales. Homes spent an average of 27 days on the market, and the median sale price was $525,500, down 10.2 percent from $585,000 a year earlier. More on this neighborhood.

2. Old Town Chinatown/Pearl District, Portland

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2. Old Town Chinatown/Pearl District, Portland

In the 97209 ZIP code, there were 98 sales. Homes spent an average of 46 days on the market, and the median sale price was $432,500, down 6 percent from $460,000 a year earlier. More on this neighborhood.

3. Woodburn

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3. Woodburn

In the 97071 ZIP code, there were 102 sales. Homes spent an average of 45 days on the market and the median sales price was $252,500, down 4.9 percent from $265,500 a year earlier. More on this neighborhood.

4. Felida, Vancouver

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4. Felida, Vancouver

In the 98685 ZIP code, there were 148 sales. Homes spent an average of 27 days on the market, and the median sales price was $389,500, down 3.3 percent from $403,000 a year earlier. More on this neighborhood.